FTX and collapses like Signature, Silvergate and Silicon Valley Bank show need for stronger consumer protection, governance norms, the International Monetary Fund said in its Global Financial Stability Report Source
Retail investors and crypto enthusiasts are the drivers behind bitcoin’s recent surge to $30,000, and don’t be surprised if the asset notches new highs over the next two years, according to Galaxy Digital CEO Mike Novogratz. “It’s about bringing people into the tent,” he told CNBC’s ” Squawk Box ” on Tuesday. “As price goes up, every crypto owner is reaching out to his friends or colleagues and saying, ‘Hey, you got to get in on this.’ And so, the adoption cycle always accelerates when the price is going up…
The success of Web3 is dependent upon solutions to the security issues posed by distinct application structures. Web3 security companies are responsible for ensuring that blockchain-based platforms and applications are protected from cyber threats. These companies offer a variety of services, including smart contract auditing, security testing and incident response. PureFi, a decentralized finance (DeFi) protocol for cryptocurrency onboarding, has introduced a new method called SafeTransact to improve the security of Web3 transactions. Web3 security is heavily dependent on the unique ability of blockchains to establish promises and withstand human…
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Users can send and receive Cardano digital assets like ada (ADA), Cardano NFTs and Cardano-native tokens using Lace. They can also stake ada directly from the wallet to contribute to the security of the network and receive rewards for their participation, Source
On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against cryptocurrencies.” Kennedy, who recently filed to run for president of the United States in the 2024 election as a Democrat, also stressed that “bitcoin gives the public an escape route” for when the bubble bursts. Robert Kennedy Jr. — ‘White House Is Colluding With the Banksters’ Robert F. Kennedy Jr. discussed the Fednow service…
Blockchain solutions provider Jelurida partnered with augmented reality (AR) firm Aumenta Solutions to develop a maintenance system for port infrastructures. According to an announcement sent to Cointelegraph, the project aims to increase efficiency, reduce downtime and enhance the accuracy of maintenance tasks for ports which is important in servicing ships, cargo and passengers. Back in 2020, a research group from the University of Girona and Aumenta Solutions collaborated to develop a blockchain-based maintenance system, combining blockchain certification and AR to increase the traceability of maintenance operations. At present, Aumenta Solutions…
The number 1 cryptocurrency in the world has amassed over 82% gains since the beginning of the year. MicroStrategy (NASDAQ: MSTR) is a major beneficiary in the latest Bitcoin rally that pushed the crypto asset’s price to a new level. While the crypto market was in the red, many crypto-related stocks. MicroStrategy, which Bitcoin holding is worth 140,000, had a tough time before the recent rally. The company bought its first Bitcoin in August 2020, adopting the top cryptocurrency as a primary treasure reserve asset. Since the first purchase of…
Shiba Inu developers have announced that the Metaverse scheme will roll out at the end of 2023 as an “ongoing project”. According to Shiba Inu (SHIB) developers, the project’s planned metaverse will partially open by the end of 2023. Developers added that the ‘partial’ opening is because SHIB’s metaverse might not be fully completed on release. Instead, the upcoming decentralized universe will be an “ongoing project” that will keep onboarding new features and enhancements even after its projected release date. Developers pointed out that the planned 2023 Shiba Inu metaverse…
ZK-rollups are the hottest thing in Ethereum right now, having seemingly appeared out of nowhere in late 2018 to fundamentally reshape the “Eth2” plan to scale via sharding alone. Zero-knowledge, or validity proof rollups, essentially perform the computations for many thousands of transactions away from Ethereum and then write a tiny cryptographic proof back to the blockchain that verifies those transactions were performed correctly. It’s much faster and cheaper than using the base layer and has the potential for virtually unlimited scaling. To an outsider, it looked like the technology…